Saurastri: All signs point to a boon for sellers in 2013

The Lemongrass Development built by Brandywine Homes that is just south of Talbert Avenue and east of Magnolia Street has sold out. I spoke with Brian Taylor in the sales office at Solana Walk, the new development by Olson Homes behind City Hall. Brian said there are still Arbor and Fountain townhouses available and there is no release date yet for Phase IV of the single family homes. Whether it's a new house or a resale home, all market indications are that 2013 will be a boon for sellers with rising home prices. If you've been sitting on the fence waiting for the market to turn around, now is the time to call your Realtor and jump off the fence. Multiple buyers will be waiting at your front door with their bid in hand. Some will have family photos and letters attempting to convince you to choose their offer over the others. Anyway you slice it sellers will be getting the bigger piece of the pie in 2013.

HOMES

Available: 23

Least expensive: 535,000 for four bedrooms, two baths, 1,606 square feet, east of Harbor Boulevard and north of Lilac Avenue.

Most expensive: $1,350,000 four bedrooms, three baths, 4,178 square feet, south of Warner Avenue and east of Magnolia Street.

In escrow: 9

From: $540,000 for five bedrooms, 2.5 baths, 2,200 square feet, south of Edinger Avenue and east of Newhope Street.

To: $699,900 for four bedrooms, 2.5 baths, 2,427 square feet, north of Talbert Avenue and east of Bushard Street.

Sold: 9

•$485,000, short sale, 10474 La Sombra Ave., in the Westgate tract, north of Talbert Avenue and west of Ward Street, three bedrooms, two baths, 1,480 square feet, 193 days on the market.

•$524,000, short sale, 9300 Heather Ave., in the Westmont tract, north of Heil Avenue and west of Bushard Street, four bedrooms, two baths, 1,875 square feet, 137 days on the market.

•$540,000, short sale, 9922 Dahlia Circle in the Valley Park tract, north of Heil Avenue and west of Brookhurst Street, four bedrooms, two baths, 2,000 square feet, 18 days on the market.

•$545,000, 16784 Olive St., north of Warner Avenue and west of Bushard Street, four bedrooms, 2.5 baths, 1,865 square feet, six days on the market.

•$609,000, 18939 Acacia Ave., in the Royal Homes tract, north of Garfield Avenue and east of Magnolia Street, three bedrooms, two baths, 1,400 square feet, 35 days on the market.

•$660,000, short sale, 10186 Stilbite Ave., north of Edinger Avenue and east of Brookhurst Street, five bedrooms, 2.5 baths, 2,860 square feet, 197 days on the market.

•$710,000, 9731 El Greco Circle, five bedrooms, 2.5 baths, 2,330 square feet in the Award Homes tract, south of Warner Avenue and west of Brookhurst Street, 160 days on the market.

•$715,000, 9419 Flicker Ave., in the Century Park tract, south of Ellis Avenue and east of Magnolia Street, four bedrooms, 2.5 baths, 2,600 square feet, 16 days on the market.

•$949,000, 8799 Sunbird Ave., south of Ellis Avenue, west of Magnolia Street, four bedrooms, 3.5 baths, 3,040 square feet, 472 days on the market.

CONDOS

Available: 12

Least expensive: $189,000, one bedroom, one bath, 756 square feet, in the Los Caballeros community, south of Warner Avenue and east of Newhope Street.

Most expensive: $529,000, three bedrooms, two baths, 1,402 square feet in the Green Valley townhome community, east of Ward Street and south of Slater Avenue.

In escrow: 1

$539,000 for three bedrooms, 2.5 baths, 1,824 square feet, in the Mariposa community, west of Brookhurst Street and south of Talbert Avenue.

Sold: 1

$430,000, 17824 La Lima Lane, four bedrooms, two baths, 1,628 square feet in the Green Valley townhomes, south of Slater Avenue and east of Ward Street, 21 days on the market.

Susan Saurastri is a Fountain Valley resident and a realtor with Star Real Estate. Contact her at Susan@FountainValleyLiving.com or 714-317-0664.